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Strategies & Market Trends : Classic TA Workplace

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To: Shack who wrote (114382)	3/6/2005 4:45:40 PM
From: Henry J Costanzo	Read Replies (3) of 209892

JPM.... First.....What's to like: Clear wedge break.......Yes Heading towards 40....Yes Buying in a relatively low area......Yes BUT....<<What's not to like?>> from here to 40 could involve some fairly tough going.. Will have to struggle through resistance from the Sept-Dec congestion area. Will have to face resistance from falling MAs..including a 50d below the 200d. Compare JPM in these respects with another of your finds....MER..........IMHO no contest! (All offered in the respectful spirit of mutual consultation and assistance which distinguishes your thread,.. You know, of course, that I would NEVER dis!!....<G>) home.twcny.rr.com

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